ex10_7.htm


     

    
      PROMISSORY
NOTE

      


      


      $990,000                                                                                                      Dated
November 10, 2009

      


      


      FOR VALUE RECEIVED, the undersigned
promises to pay to the order of DONGGUAN CHDITN PRINTING CO., LTD., a
corporation organized under the laws of the Peoples’ Republic of China its
successors or assigns (the “Holder”), the sum of NINE HUNDRED AND NINETY
THOUSAND AND NO/00 ($990,000.00) DOLLARS to pay off existing debt in Décor
Products International, Inc. as set forth in Exhibit A, with an interest rate of
4%, payable one year from the date of execution hereof.

      


      THE TOTAL
OF NINE HUNDRED AND NINETY THOUSAND AND NO/00 ($990,000) DOLLARS, PLUS ACCRUED
INTEREST, WILL BE PAID, NOVEMBER 10, 2010.

      


      IN
WITNESS WHEREOF, the Maker has caused this note to be executed by its duly
authorized officer on this 10th day
of November, 2009.

      


      MAKER

      Décor
Products International, Inc.

      


      


      By: /s/ Liu Rui
Sheng

                   Liu
Rui Sheng

                   President

      


      
 

      


      


      


      


      EXHIBIT
A

      


       

      DEBT TO BE
SETTLED

       

       

      


       

      On June
1, 2009, CHDITN signed a Promissory Note with Precursor Management, Inc.
(“Precursor”), stating that CHDITN promises to pay to the order of Precursor the
sum of Forty Thousand Six Hundred Fifty Dollars ($40,650), representing a
principal amount of $40,000  plus interest of $650, or approximately 6.5%
interest per annum, payable on September 30, 2009.  On July 23, 2009,
MUBM signed a written Guaranty, guaranteeing the payment of the $40,650
Promissory Note dated June 1, 2009 within 365 days.

       

      On June
1, 2009, CHDITN signed a second Promissory Note with Precursor stating that
CHDITN promises to pay to the order of Precursor the sum of Forty Thousand Six
Hundred Fifty Dollars ($40,650), representing a principal amount of
$40,000  plus interest of $650, or approximately 6.5% interest per annum,
payable on September 30, 2009.  On July 23, 2009, MUBM signed a
written Guaranty, guaranteeing the payment of the $40,650 Promissory Note dated
June 1, 2009 within 365 days.

       

      On June
1, 2009, CHDITN signed a third Promissory Note with Precursor stating that
CHDITN promises to pay to the order of Precursor the sum of Sixty Thousand Nine
Hundred and Seventy Five Dollars ($60,975), representing a principal amount of
$60,000  plus interest of $975, or approximately 6.5% interest per annum,
payable on September 30, 2009.  On July 23, 2009, MUBM signed a
written Guaranty, guaranteeing the payment of the $40,650 Promissory Note dated
June 1, 2009 within 365 days.

       

      On June
1, 2009, CHDITN signed a third Promissory Note with Precursor stating that
CHDITN promises to pay to the order of Precursor the sum of Five Hundred and
Seventy Four Thousand, One Hundred and Eighty One Dollars ($574,181),
representing a principal amount of $565,000 plus interest of $9,181, or
approximately 6.5% interest per annum, payable on September 30, 2009.  In
the event of default, the sum of $574,181 shall be immediately due to Precursor
along with a default penalty in the amount of $35,000. On July 23, 2009, MUBM
signed a written Guaranty, guaranteeing the payment of the $565,000 Promissory
Note dated June 1, 2009 within 265 days. Décor Products International, Inc. also
entered into a Stock Pledge Agreement stating that 3,000,000 shares of MUBM
common stock (beneficially owned by Man Kwai Ming) shall be pledged as
collateral for the $574,181 Promissory Note with Precursor.